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Allied Market Research

Hang Glider Market by Type (Powered and Non-powered), Product (Hang Gliders, Hang Gliding Safety Equipment, and Hang Gliding Instruments), End User (Recreational User and Professional User), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10709
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Aug 2021 | 399 Views
   
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COVID-19

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Hang Glider Market Outlook – 2027

Hang gliding is the recreational aerial sports activity that allows the pilot to fly with the glider. The light, foot-launched heavier-than-air aircraft which is used in hang gliding is called a hang glider. These hang gliders are made of aluminum alloy or composite frame that is covered with a synthetic material to form a wing. There are two types of hang gliders available, which are powered with a motor and non-powered. The changing preferences of individuals toward recreational sports activities are proliferating the growth of the market. In addition, rise in awareness of physical & mental fitness arising out of such extreme adrenalin activities is expected to drive the demand for the global hang glider market.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Product, End User, and Distribution Channel

  Regions covered

North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Wills Wings Inc., ICARO 2000, Aeros Company, Flight Design, Moyes Delta Gliders, Apco Aviation, Airborne Windsports Pty Ltd, Stilescom, North Wing, and The Helmet Shop

 

COVID-19 Scenario Analysis: 

  • Hang glider production is going to be more agile after the end of COVID-19.
  • The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
  • The revenue is not being generated for the companies due to the ongoing pandemic, which will result in major losses across the year.
  • Companies have to deal on a significant margin basis to revive the market.
  • A huge monetary loss has been accounted for in the revenue generation of the Hang glider companies due to the lockdown.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

One of the major factors that drive the growth of the hang glider marker includes rise in demand for extreme adrenaline sports among the people. The global hang glider market has gradually flourished over the period due to increase in popularity of extreme sports activities. Moreover, leading market players are focusing on developing attractive and innovative hang-gliding equipment, which in turn is positively impacting the growth of the hang glider market. Furthermore, the complexities of the natural environment intrigue the manufacturers to develop technologically advanced hang-gliding equipment.  

The global hang glider market trends are as follows:

An upsurge in adventure sports activities to boost the market

Adventure sport has always held significance in recreational activities. In addition, change in lifestyle has led to stress and related illness, which in turn drives the demand for extreme adrenalin activities such as hang gliding. Moreover, increase in the purchasing power of individuals boosts travel & tourism, ultimately driving the trend of adventure sports activities. Further, changing lifestyles, growing awareness toward the importance of recreational activities, and a rise in disposable income among the population are anticipated to boost the growth of the market.

Technological advancements to foster the growth

Technological advancements are anticipated to boost the application of hang gliders in the adventure sports activities, along with ensuring compatibility with weather complexities. In addition, such innovations deliver a better flight experience in terms of weight, material, and quality. The market has been witnessing the development of innovative hang-gliding equipment, which in turn is propelling the growth of the global hang glider market. Furthermore, the manufacturers are focusing on reducing the weight and size of the equipment while maintaining safety, security, and comfort to the pilot. Moreover, non-powered hang-gliders are cheaper in comparison to the powered aircraft and are primarily built keeping in mind the feasibility and comfort of the people; therefore, driving the growth of the global hang glider market. 

Key Segments Covered:

Segments

Sub-segments

  Type

  • Powered
  • Non-Powered

  Product

  • Hang gliders
  • Hang gliding safety equipment
  • Hang gliding instruments

  End-User

  • Recreational User
  • Professional User

  Distribution Channel

  • Offline
  • Online


Key Benefits of the Report:

  • This study presents the analytical depiction of the global hang glider industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global hang glider market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global hang glider market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global hang glider market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Hang glider Market Research Report:

  • Which are the leading market players active in the hang glider market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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